I thought we had already determined a merger or purchase would cause cadence's 500mil in notes to become due. Something I don't think they can afford. Am I wrong? Has something changed? Perhaps they can negotiate with the lenders?
Also it looks like LAVA has taken out some financing from Wells Frago (see Lava 8k and LAVA threads) so they seem to be planning on going it alone. The conditions seem a little shady, first call on receivables limited to 80% of receivables etc.